Charles Schwab Investment Management Inc. raised its stake in shares of Premier, Inc. (NASDAQ:PINC - Free Report) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,813,408 shares of the company's stock after buying an additional 71,624 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.89% of Premier worth $38,444,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Brooklyn Investment Group boosted its stake in Premier by 61,750.0% during the 4th quarter. Brooklyn Investment Group now owns 1,237 shares of the company's stock worth $26,000 after acquiring an additional 1,235 shares during the last quarter. SRS Capital Advisors Inc. boosted its position in shares of Premier by 157.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,284 shares of the company's stock worth $27,000 after purchasing an additional 786 shares in the last quarter. Keystone Financial Group Inc. acquired a new position in shares of Premier in the 4th quarter valued at $37,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Premier in the 3rd quarter valued at $39,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Premier by 297.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,906 shares of the company's stock valued at $40,000 after buying an additional 1,427 shares in the last quarter. 74.41% of the stock is owned by institutional investors.
Insider Activity
In related news, COO Leigh Anderson sold 20,000 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $21.88, for a total transaction of $437,600.00. Following the completion of the transaction, the chief operating officer now directly owns 111,707 shares of the company's stock, valued at approximately $2,444,149.16. This represents a 15.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Helen M. Boudreau sold 2,500 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $21.42, for a total value of $53,550.00. Following the transaction, the director now directly owns 20,668 shares in the company, valued at $442,708.56. This trade represents a 10.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,637 shares of company stock worth $511,093 in the last quarter. Corporate insiders own 0.96% of the company's stock.
Wall Street Analyst Weigh In
PINC has been the subject of a number of research analyst reports. Canaccord Genuity Group decreased their target price on Premier from $21.00 to $19.00 and set a "hold" rating for the company in a research note on Wednesday, February 5th. Piper Sandler cut their price objective on Premier from $21.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Finally, Robert W. Baird lowered their target price on Premier from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat, Premier has an average rating of "Hold" and a consensus price target of $20.17.
View Our Latest Stock Report on Premier
Premier Stock Performance
NASDAQ PINC traded up $0.20 during trading on Wednesday, hitting $18.74. The stock had a trading volume of 634,554 shares, compared to its average volume of 1,226,616. Premier, Inc. has a 12 month low of $17.23 and a 12 month high of $23.56. The company's 50-day moving average price is $19.74 and its two-hundred day moving average price is $20.55. The company has a market capitalization of $1.71 billion, a PE ratio of -187.43 and a beta of 0.39.
Premier Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were paid a dividend of $0.21 per share. The ex-dividend date was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.48%. Premier's dividend payout ratio is -840.00%.
About Premier
(
Free Report)
Premier, Inc, together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and workforce solutions.
See Also
Before you consider Premier, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Premier wasn't on the list.
While Premier currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
